Visa CEO: We May Move To Adopt Crypto Assets111.4

Amid Mastercard’s unexpected push for a patent outlining “fractional reserve” banking for crypto assets, the CEO of Visa has claimed that cryptocurrencies aren’t a pertinent threat to the stability of legacy financial systems.

Months after claiming that the “sun has set” on Bitcoin and crypto assets, former hedge fund manager Jim Cramer, spoke with Al Kelly, CEO of Visa, on CNBC Mad Money to discuss the payment processor’s ambitions to enter the cryptosphere.